Barclays upgrades Pakistan's sovereign debt to 'overweight' on improved oil market outlook: report

British financial institution Barclays has upgraded Pakistan’s dollar bonds to overweight after having lowered the rating the previous month, citing improved oil market prospects, it emerged on Wednesday. The upgraded rating was shared in a report by Bloomberg, cited by the advisor to the finance minister, Khurram Schehzad in a post on X. According to the relative rating system used by Barclays coverage analysts, the “overweight” rating means that the stock is expected to outperform the unwei...

By none@none.com (News Desk)